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The Really Useless Thread

  • #137,241
  • Edited 9:14am Oct 6, 2015 9:02am | Edited 9:14am
Quoting annunaki
{quote}
"Om Namah Shivaya"
Have a great and peaceful trading day!
Om Shri Ganeshaya Namaha.
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f(z)=z2+c
  • #137,242
  • Edited 11:27am Oct 6, 2015 10:24am | Edited 11:27am
Quoting hathor
{quote} H4 buy since 1.118xx. Therefore buy on all higher TF: Monthly/Weekly/Daily/H4. I'll be cautious due to Draghi today, but if everything goes as planned, than he should talk market up. Otherwise the usual: the lower i can buy.....Time will tell.
Would be happy if price would hover around the current price until 'ECB President Draghi Speaks'.
Than if bullish words would left his mouth...well that would be delicious.

PS: Short:long ratio is getting bigger through the day: bears are selling the highs, while the bulls are started to take profit...-> lot of stops over 1.131xx
+
There are three highs since 1th of October.
The one with 1.131xx.
An other with 1.128xx.
And the current one.
-> Three opportunity to open short at these levels -> 3x stop amount (stop cluster)

BUT: my TA is not an up move guarantee, only shows some kind of trading mentality.

Have a good day all.
f(z)=z2+c
  • #137,243
  • Oct 6, 2015 10:55am Oct 6, 2015 10:55am
Quoting sisse
{quote}....Without at least a test (a break is the real move) 1.112x or 1.133x there is nothing to do or see in between ...a very dull and choppy area. sisse
Today(-Tomorrow) we should meet at least one of them.
f(z)=z2+c
  • #137,244
  • Oct 6, 2015 11:49am Oct 6, 2015 11:49am
Quoting hathor
{quote} "Om Namah Shivaya" Have a great and peaceful trading day! Om Shri Ganeshaya Namaha. {image}
ohhhhhhhh myyyyy , hathor ... wish u the same buddy ... but how come u familiar with ????
Om Namah Shivaayae
  • #137,245
  • Oct 6, 2015 11:57am Oct 6, 2015 11:57am
Quoting annunaki
{quote} ohhhhhhhh myyyyy , hathor ... wish u the same buddy ... but how come u familiar with ????
Lord Ganesha is one of my mentors in trading.
f(z)=z2+c
  • #137,246
  • Oct 6, 2015 12:17pm Oct 6, 2015 12:17pm
Quoting hathor
{quote} Today(-Tomorrow) we should meet at least one of them.
I thought it will be an economy-related speech. This way it's not true.
f(z)=z2+c
  • #137,247
  • Oct 6, 2015 12:32pm Oct 6, 2015 12:32pm
Quoting hathor
{quote} Lord Ganesha is one of my mentors in trading.
Om Namah Shivaayae
  • #137,248
  • Oct 7, 2015 1:54am Oct 7, 2015 1:54am
Quoting sisse
{quote} Untradable short term... The compression range is now nuclear and there is enough fuel for easily test $26.xx with a break down. In simple words, shorts as close as $49.9x as possible or take the confirmed break with a momentum play (so don't sit and ride but grab and run). Anything in between its a clusterfuck . sisse
Is this analysis still valid or have fundamentals changed?
  • #137,249
  • Oct 7, 2015 2:06am Oct 7, 2015 2:06am
Quoting dasilva
{quote} Is this analysis still valid or have fundamentals changed?
... isnt it all in there ? u can short at 49.9 or wait for the confirmed break and play the B/O scenario. Pick your side
  • #137,250
  • Oct 7, 2015 2:14am Oct 7, 2015 2:14am
Quoting hathor
Lord Ganesha is one of my mentors in trading.
Om Gam Ganapataye Namaha --- May Lord Ganesha remove all obstacles that prevent us from become wealthy traders!

Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #137,251
  • Oct 7, 2015 2:54am Oct 7, 2015 2:54am
The daily chart. Price can't close above the yearly mid (1265-85, depending on whose stats you use) on the daily, which isn't very bullish. And stochastics hit the bottom and turned up, but price didn't go anywhere. Can't even hold in the upper half of the zone. On the other hand, Bulls are managing to keep the daily closes above the 200 MA (1152 today). Not much to do in the yearly mofu zone...


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  • #137,252
  • Oct 7, 2015 3:04am Oct 7, 2015 3:04am
Quoting sisse
{quote} U. The compression range is now nuclear and there is enough fuel for easily test $26.xx with a break down. In simple words, shorts as close as $49.9x as possible or take the confirmed break with a momentum play (so don't sit and ride but grab and run). Anything in between its a clusterfuck . sisse
Quoting sisse
{quote}...While in Euro the never ending 1.127x (We are losing 1.129x for the european close) keep providing extensive chop...a very dull ...
As widely suspected with Euro in neutral short term, non stop chop zone continue after markets digested the no hikes/confused FED from last announcement and the almost unofficial confirmation of hikes DEC from Yellen after .

--> The verdict seems to be out and markets aligning to complete the first HIKE leg in equities for the play 2020.xx -> 1790.xx with 1985.x as flip level before forming a long term base for the "BUY & HOLD" play once FED normalisation is finished. Eyes on 1985.xx for the next few sessions.

--> However and more important for today is OIL. All eyes on the $49.xx handle (49.7/9x ...). For the first time in nearly 8 weeks there is a tradable area not only short term but a key level for the final leg in the macro swing that can extend as low as the $26.xx handle without much in their way (a few soft stops in between but nothing major).

--> On the euro, the never-ending 1.127x keeps providing extensive chop but the compression range (8 weeks) looks unsustainable for much longer. Technically short term I have imminent alerts break out to the top side (short term swing for a test of highs and beyond).

The board looks 'al dente' for the first legs of the Quarter with the FOMC minutes as a clear catalyst for the last FED decision leg.

Not much to do here, soft intraday loading areas in the euro for those planning to trade or top up longs and nothing to see to the other side at these levels ...

Basically one more time the usual: Choose your poison time if you haven chosen one yet ...

GL all

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #137,253
  • Oct 7, 2015 6:15am Oct 7, 2015 6:15am
Quoting The Fool
{quote} Om Gam Ganapataye Namaha --- May Lord Ganesha remove all obstacles that prevent us from become wealthy traders! https://www.youtube.com/watch?v=_h2rFVPCSPE
Exactly.

PS: Very helpful listening to this while trading. It disables the rage trading and impulsive trading. Just follow the plan and relax.
f(z)=z2+c
  • #137,254
  • Oct 7, 2015 6:38am Oct 7, 2015 6:38am
Quoting sisse
{quote} {quote} However and more important for today is OIL. All eyes on the $49.xx handle (49.7/9x ...). For the first time in nearly 8 weeks there is a tradable area not only short term but a key level for the final leg in the macro swing that can extend as low as the $26.xx handle without much in their way (a few soft stops in between but nothing major).
  • #137,255
  • Oct 7, 2015 1:40pm Oct 7, 2015 1:40pm
Good call sisse on oil
  • #137,256
  • Oct 8, 2015 3:06am Oct 8, 2015 3:06am
An update on my German Equities view in noting Euro resistance on the pair as long as inverse correlation relatively holds. Busy with other currencies (A/J.) because I was slightly dislocated from the pair despite the very defined borders( 1290/80/1143/70 as mentioned.) of the range. It just ended up winding a bit too tight for my taste for anything new.

Bulls managing to take some control on the back of that bad NFP and revision (it was the bellwether for dollar strength this year so a bit of a downer.) Just passively observing: if it wasnt for Yellens comments Id be a more committed bull (wed probably be much closer to the highs by now too.) but dont really have clear intraday plays around here.

Later on, expecting the minutes to be hawkish in line with Yellens unofficial statement and therefore not making much of a dent.


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  • #137,257
  • Oct 8, 2015 3:09am Oct 8, 2015 3:09am
Quoting ClinicalEx
Later on, expecting the minutes to be hawkish in line with Yellens unofficial statement and therefore not making much of a dent. {image} {image}
Do you expect the statement to be changed? I always treated its contents as published already via the press-conference following the meeting itself, nothing deleted or added until the next meeting. Did I overlook something?
  • #137,258
  • Oct 8, 2015 3:18am Oct 8, 2015 3:18am
Quoting Mr Hatch
{quote} Do you expect the statement to be changed? I always treated its contents as published already via the press-conference following the meeting itself, nothing deleted or added until the next meeting. Did I overlook something?
It will probably be typically ambiguous/slightly more hawkish than what was implied in the conference. Yellen bluntly inferred a December hike afterwards so I'm just guessing that the effects of the minutes themselves will be minimal.
  • #137,259
  • Oct 8, 2015 3:25am Oct 8, 2015 3:25am
Quoting ClinicalEx
{quote} It will probably be typically ambiguous/slightly more hawkish than what was implied in the conference. Yellen bluntly inferred a December hike afterwards so I'm just guessing that the effects of the minutes themselves will be minimal.
Ah, just what I thought. Your previous post sounded different to me.

I wonder, how a rate-hike is going to influence the rest of the world.
  • #137,260
  • Oct 8, 2015 4:00am Oct 8, 2015 4:00am
market waiting for another sign (unemployment claim or other signs in next few weeks ) to break through the 1.1300 and change the chop zone a level higher maybe 1.1540-1.1370 till Dec rate decision,
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